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Regulation 18 Retirement compensation for loss of employment payable to pensionable officer on attainment of normal retiring age

Original text. Later amendments are not shown.

(1)

Subject to the provisions of these regulations, when a person to whom this Part applies reaches normal retiring age, the retirement compensation payable to him for loss of employment shall be—

(a)

an annual sum equal to the amount of his accrued pension, and

(b)

a lump sum equal to the amount of his accrued retiring allowance (if any).

(2)

No compensation shall be payable under this regulation if the person has continued to pay superannuation contributions as if he had suffered no loss of employment.